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爱彼迎（ABNB）与Lovesac Co（LOVE）财务数据对比。点击上方公司名可切换其他公司
爱彼迎的季度营收约是Lovesac Co的18.5倍（$2.8B vs $150.2M）。爱彼迎净利率更高（12.3% vs -7.0%，领先19.3%）。爱彼迎同比增速更快（12.0% vs 0.2%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -22.6%）
爱彼迎是全球知名的旅行住宿及体验共享平台，成立于2007年，2010年正式启用现名。平台连接全球各地的房东与旅客，用户可通过网页或移动端预订私人客房、普通住宅、度假屋等多元住宿，也可报名参与当地特色体验项目，是共享经济领域的代表性企业。
Lovesac是美国的家具零售商，主打拥有专利的Sactionals模块化沙发系统，该系统由可自由组合的座部、侧部模块，以及定制沙发套和相关配件组成。除模块化沙发外，品牌还销售采用独家发泡混合材料填充的袋式懒人座椅。
ABNB vs LOVE — 直观对比
营收规模更大
ABNB
是对方的18.5倍
$150.2M
营收增速更快
ABNB
高出11.8%
0.2%
净利率更高
ABNB
高出19.3%
-7.0%
两年增速更快
ABNB
近两年复合增速
-22.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $150.2M |
| 净利润 | $341.0M | $-10.6M |
| 毛利率 | 82.5% | 56.1% |
| 营业利润率 | 9.7% | -10.5% |
| 净利率 | 12.3% | -7.0% |
| 营收同比 | 12.0% | 0.2% |
| 净利润同比 | -26.0% | -114.0% |
| 每股收益（稀释后） | — | $-0.72 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ABNBLOVE
| Q4 25 | $2.8B | $150.2M | ||
| Q3 25 | $4.1B | $160.5M | ||
| Q2 25 | $3.1B | $138.4M | ||
| Q1 25 | $2.3B | $241.5M | ||
| Q4 24 | $2.5B | $149.9M | ||
| Q3 24 | $3.7B | $156.6M | ||
| Q2 24 | $2.7B | $132.6M | ||
| Q1 24 | $2.1B | $250.5M |
净利润ABNBLOVE
| Q4 25 | $341.0M | $-10.6M | ||
| Q3 25 | $1.4B | $-6.7M | ||
| Q2 25 | $642.0M | $-10.8M | ||
| Q1 25 | $154.0M | $35.3M | ||
| Q4 24 | $461.0M | $-4.9M | ||
| Q3 24 | $1.4B | $-5.9M | ||
| Q2 24 | $555.0M | $-13.0M | ||
| Q1 24 | $264.0M | $31.0M |
毛利率ABNBLOVE
| Q4 25 | 82.5% | 56.1% | ||
| Q3 25 | 86.6% | 56.4% | ||
| Q2 25 | 82.4% | 53.7% | ||
| Q1 25 | 77.7% | 60.4% | ||
| Q4 24 | 82.8% | 58.5% | ||
| Q3 24 | 87.5% | 59.0% | ||
| Q2 24 | 81.6% | 54.3% | ||
| Q1 24 | 77.6% | 59.7% |
营业利润率ABNBLOVE
| Q4 25 | 9.7% | -10.5% | ||
| Q3 25 | 39.7% | -5.5% | ||
| Q2 25 | 19.8% | -10.8% | ||
| Q1 25 | 1.7% | 19.7% | ||
| Q4 24 | 17.3% | -5.2% | ||
| Q3 24 | 40.9% | -5.3% | ||
| Q2 24 | 18.1% | -13.5% | ||
| Q1 24 | 4.7% | 16.1% |
净利率ABNBLOVE
| Q4 25 | 12.3% | -7.0% | ||
| Q3 25 | 33.6% | -4.1% | ||
| Q2 25 | 20.7% | -7.8% | ||
| Q1 25 | 6.8% | 14.6% | ||
| Q4 24 | 18.6% | -3.3% | ||
| Q3 24 | 36.7% | -3.7% | ||
| Q2 24 | 20.2% | -9.8% | ||
| Q1 24 | 12.3% | 12.4% |
每股收益（稀释后）ABNBLOVE
| Q4 25 | — | $-0.72 | ||
| Q3 25 | — | $-0.45 | ||
| Q2 25 | — | $-0.73 | ||
| Q1 25 | — | $2.22 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $-0.38 | ||
| Q2 24 | — | $-0.83 | ||
| Q1 24 | — | $1.91 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $11.0B | $23.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $189.3M |
| 总资产 | $22.2B | $495.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ABNBLOVE
| Q4 25 | $11.0B | $23.7M | ||
| Q3 25 | $11.7B | $34.2M | ||
| Q2 25 | $11.4B | $26.9M | ||
| Q1 25 | $11.5B | $83.7M | ||
| Q4 24 | $10.6B | $61.7M | ||
| Q3 24 | $11.3B | $72.1M | ||
| Q2 24 | $11.3B | $72.4M | ||
| Q1 24 | $11.1B | $87.0M |
股东权益ABNBLOVE
| Q4 25 | $8.2B | $189.3M | ||
| Q3 25 | $8.6B | $197.5M | ||
| Q2 25 | $7.8B | $201.2M | ||
| Q1 25 | $7.9B | $216.4M | ||
| Q4 24 | $8.4B | $196.5M | ||
| Q3 24 | $8.5B | $202.1M | ||
| Q2 24 | $8.0B | $205.3M | ||
| Q1 24 | $7.9B | $217.5M |
总资产ABNBLOVE
| Q4 25 | $22.2B | $495.5M | ||
| Q3 25 | $23.1B | $493.7M | ||
| Q2 25 | $27.0B | $483.7M | ||
| Q1 25 | $25.1B | $532.3M | ||
| Q4 24 | $21.0B | $499.7M | ||
| Q3 24 | $22.2B | $481.1M | ||
| Q2 24 | $26.3B | $477.2M | ||
| Q1 24 | $24.5B | $482.2M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $526.0M | $-4.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-10.2M |
| 自由现金流率自由现金流/营收 | — | -6.8% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | 1.54× | — |
| 过去12个月自由现金流最近4个季度 | — | $-13.6M |
8季度趋势，按日历期对齐
经营现金流ABNBLOVE
| Q4 25 | $526.0M | $-4.9M | ||
| Q3 25 | $1.4B | $12.2M | ||
| Q2 25 | $975.0M | $-41.4M | ||
| Q1 25 | $1.8B | $44.0M | ||
| Q4 24 | $466.0M | $-4.2M | ||
| Q3 24 | $1.1B | $6.2M | ||
| Q2 24 | $1.1B | $-7.0M | ||
| Q1 24 | $1.9B | $56.3M |
自由现金流ABNBLOVE
| Q4 25 | — | $-10.2M | ||
| Q3 25 | — | $7.8M | ||
| Q2 25 | — | $-50.0M | ||
| Q1 25 | — | $38.7M | ||
| Q4 24 | — | $-6.6M | ||
| Q3 24 | — | $119.0K | ||
| Q2 24 | — | $-14.3M | ||
| Q1 24 | — | $49.5M |
自由现金流率ABNBLOVE
| Q4 25 | — | -6.8% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | -36.1% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | — | 19.8% |
资本支出强度ABNBLOVE
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | 2.7% |
现金转化率ABNBLOVE
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | 1.25× | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 7.28× | 1.82× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ABNB
| North America | $1.1B | 41% |
| EMEA | $930.0M | 33% |
| Latin America | $351.0M | 13% |
| Other | $351.0M | 13% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
